Sunday, February 20, 2011

Naphtha prices climb, cracks near 5 month lows in Asia

Asia's naphtha price climbed to a two-session high from a two-session low the previous day, but cracks remained depressed, nearing a five-month low on weak fundamentals, as per Reuters. Gulf supplierss Kuwait Petroleum Corp (KPC) and ADNOC persevere with their talks with buyers, as both sides remain entrenched in their own price ideas.

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